News

Mar 8, 2006 - 12:33 ET Antrim Secures Drilling Rig for Causeway Prospect in UK North Sea and Updates Argentina Activity

CALGARY, ALBERTA--(CCNMatthews - March 8, 2006) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") announced today that it has signed an agreement to award complete well project management services for drilling Antrim's Causeway Prospect in the UK North Sea to Peak Well Management Limited of Aberdeen, Scotland. Services include provision of the Bredford Dolphin semi-submersible drilling rig currently active in the area. Drilling operations are expected to begin, subject to receipt of all necessary approvals, in June 2006 and take between 30 and 45 days.

The Causeway Prospect, located in the northern sector of the UK North Sea, lies in Blocks 211/22a & 211/23d. An undeveloped discovery well (211/22a-3) drilled in 1984 in Block 211/22a tested 5,512 barrels of oil per day from the Jurassic Brent reservoir. A second undeveloped discovery well (211/23b-11) was drilled in 1992 in Block 211/23d and tested 8,100 barrels of oil per day from the Jurassic interval. Antrim has a 79% working interest in the Causeway Prospect.

In Argentina, Antrim announces that Las Violetas 107, the fifth well in its current drilling program in Tierra del Fuego has been cased and awaits stimulation. Preliminary tests indicate that Las Violetas 107 is oil bearing but has poorer reservoir quality than previous wells drilled in the program. Operations are continuing on Los Patos 1004, the sixth well in the drilling program. Antrim has a 25.78% working interest in three producing exploitation concessions in Tierra del Fuego, located on the southern tip of Argentina.

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Updated information about Antrim can be accessed on its website: www.antrimenergy.com 

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
President & CEO
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com

or

Antrim Energy Inc.
Dwayne Warkentin
Chief Operating Officer
(403) 264-5111
(403) 264-5113 (FAX)
Email: warkentin@antrimenergy.com
Website: www.antrimenergy.com